$BTW 5-minute rally of 10.92%, trading at 0.5789, with a 24h range of 0.5073 ~ 0.7871.
After a sharp move, the market often enters a period of consolidation. How it consolidates affects which way the next move goes.
My approach to this kind of rally is: don't chase the initial move; wait for a pullback to hold steady, then reassess.
After a sharp move, the market often enters a period of consolidation. How it consolidates affects which way the next move goes.
My approach to this kind of rally is: don't chase the initial move; wait for a pullback to hold steady, then reassess.